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Trend Trading All Pairs

  • #7,701
  • Aug 16, 2010 1:13pm Aug 16, 2010 1:13pm
this can become a great level to trade off. very strong. attached is usd/jpy m15
Attached Image (click to enlarge)
Click to Enlarge Name: 16.8.2010 usdjpy m15.gif Size: 40 KB
  • #7,702
  • Aug 16, 2010 2:44pm Aug 16, 2010 2:44pm
At the request of another participant in this thread, I agreed to attach a summary of the strategy that NightMoves had shared with all of us when he started this thread.

I undertook the writing of this summary for a friend who doesn't like to browse through loooong forum threads (he just wants the meat).

Anyway, the Summary is not yet complete but in private correspondence here on FF, another person asked if s/he could have a copy. I went to attach it to a PM and, of course, discovered that one can't do that in FF PMs (how annoying).

Thus, I'll put it here so s/he can get it. It's in a zip file because FF also doesn't handle Rich Text Files (RTF) files (again annoying). Once unzipped, the RTF can be read in MS WordPad.

For everybody else, nothing happening here so you can move along ...

Just sharing,
Rich
Attached File(s)
File Type: zip 3xSMA Summary.zip   83 KB | 4,875 downloads
  • #7,703
  • Aug 16, 2010 7:45pm Aug 16, 2010 7:45pm
Please re-attach again as I can't open it .


Thanks
  • #7,704
  • Aug 16, 2010 8:08pm Aug 16, 2010 8:08pm
Quoting sunny17
Please re-attach again as I can't open it .


Thanks
Sunny,
I would be happy to do so, but that won't solve your problem. Several people have already DL it and unzipped it and opened and read it fine. I just did it again myself on another computer that was not used for the UL. The problem is not the attachment I uploaded.

At the risk of offending you, I will say it is a ZIPPED file which is to say, compressed. There are dozens of free programs which will unzip it if that is your issue. Because if you are trying to open directly in MS Office or MS WordPad, forget it - it won't work. Gotta unscramble it first.

However, if you have been trying to unzip it properly, I will say that I have had a similar problem with an attachment on this very same site. It was an MT4 executable indie and no matter how many times I DL it, it would always arrive in an unusable form. Many other people DL the same attachment from the same posting and claimed to have no problem.

What's going on? I have no idea. As I tell others when these things happen - hey, it's a computer. What do you expect? Perfection?

But that's no help for you, is it? So tell you what, if you will PM me and send an email address, I will send you an unzipped version of the file that you can open directly. OK?

That's should do it. We'll just make an end run around all the obstacles that are thrown in our way.

You're welcome. Don't mention it.
Just trying to help each other get through life.
Rich
  • #7,705
  • Aug 16, 2010 11:49pm Aug 16, 2010 11:49pm
Quoting Abinadi
At the request of another participant in this thread, I agreed to attach a summary of the strategy that NightMoves had shared with all of us when he started this thread.

I undertook the writing of this summary for a friend who doesn't like to browse through loooong forum threads (he just wants the meat).

Anyway, the Summary is not yet complete but in private correspondence here on FF, another person asked if s/he could have a copy. I went to attach it to a PM and, of course, discovered that one can't do that in FF PMs (how annoying).

Thus, I'll...
good effort, thanks for sharing!

cheers
  • #7,706
  • Edited 10:13am Aug 17, 2010 9:47am | Edited 10:13am
Thanks, Custos.

Total of all buying positions on that trade were 1% -I try to learn testing the market as well.
Now I closed all positons of EURCHF but with less profit than planned originally.

Today I took NZDUSD on D1 at 0.7058 -would this be a trade you would advice to take?

Thanks
Andreas


Quoting Custos
man, you got a lot of buys there. I hope you don't average in into losing trades, thats never a good idea. Especially in the beginning of your trading career. It's a bad habit to throw good money after bad money.

But, I know you have to make that mistake yourself to realize it, so just take it as a suggestion.

cheers
  • #7,707
  • Aug 17, 2010 10:39am Aug 17, 2010 10:39am
Hi Custos,

Sounds very inetersting indeed. I have looked at thread and done a little scanning of the charts and must say that they do look like they yield some pips.

However I still can't get my head around not waiting for any confirmation what so ever... did you find this difficult at first?

I guess this is one of the reasons that you only take the trades outside of the london session as lines are more likely to hold?

The Aussie is doing quite well at the moment and the Euro as well although cable has yielded a b/e due to the pull back...

How do you handle moving your stops to break even? Is it at a certain price or just when you feel like it? Also I guess you place your initial stops beyond the most logical level?

Thanks

Thanks
  • #7,708
  • Aug 17, 2010 11:33am Aug 17, 2010 11:33am
Quoting AndreasF
Thanks, Custos.

Total of all buying positions on that trade were 1% -I try to learn testing the market as well.
Now I closed all positons of EURCHF but with less profit than planned originally.

Today I took NZDUSD on D1 at 0.7058 -would this be a trade you would advice to take?

Thanks
Andreas
no problem,

can you show me a chart of your nzdusd d1 analysis. Also, it would be tremendously helpful if you can elaborate on if you went short or long, just taking a trade doesn't imply direction.

cheers
  • #7,709
  • Aug 17, 2010 11:37am Aug 17, 2010 11:37am
Quoting PipRiderFX
Hi Custos,

Sounds very inetersting indeed. I have looked at thread and done a little scanning of the charts and must say that they do look like they yield some pips.

However I still can't get my head around not waiting for any confirmation what so ever... did you find this difficult at first?
not really, I actually find it difficult to wait for confirmation if I see a good opportunity. So that touch trading style fits my personality better. But no approach right or wrong here, just different.

Quoting PipRiderFX
I guess this is one of the reasons that you only take the trades outside of the london session as lines are more likely to hold?
yes, exactly

Quoting PipRiderFX
How do you handle moving your stops to break even? Is it at a certain price or just when you feel like it? Also I guess you place your initial stops beyond the most logical level?
I do it when I feel like, but I wanna have at least a 20 to 40 pip breathing room, which means the trade should be 20 to 40 pips in the green before I move stop. Yes, initial stop is beyond my level I entered at.

cheers
  • #7,710
  • Aug 17, 2010 11:48am Aug 17, 2010 11:48am
Thanks for your reply Custos -and of course for all your efforts to show us how to trade properly.

I took the the trade long entering at the origin of the breakout by looking to the left.
And I understand this was a trade in line with the weekly trend

Not sure if I missed something else...

Thanks
Andreas



Quoting Custos
no problem,

can you show me a chart of your nzdusd d1 analysis. Also, it would be tremendously helpful if you can elaborate on if you went short or long, just taking a trade doesn't imply direction.

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 13 KB
  • #7,711
  • Edited 12:56pm Aug 17, 2010 12:16pm | Edited 12:56pm
Quoting AndreasF
Thanks for your reply Custos -and of course for all your efforts to show us how to trade properly.

I took the the trade long entering at the origin of the breakout by looking to the left.
And I understand this was a trade in line with the weekly trend

Not sure if I missed something else...

Thanks
Andreas
Okay, I was confused at first why you entered so high, but now I can see that we are talking about the same level, mine is just drawn lower. Got hit to the pip, I am actually also long.

So, question is, why do we have different levels. I look for historical significance, and my level got lots of hits historically, whereas yours not as much. But yours is a more recent level, so that would be an argument for your level.

Nothing right or wrong, it worked out for both of us, so good analysis.
And by the way, if you want an analysis from me, it would always be nice if you can throw in a chart and tell me pair, time-frame, entry price, long or short . It just makes it easier for me to see why you entered. Hope you understand that.

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 17.8.2010 nzdusd d1.gif Size: 45 KB
  • #7,712
  • Aug 17, 2010 1:08pm Aug 17, 2010 1:08pm
Anybody knows if this backtesting software exists:

1. I wanna manually choose my entry points (can't be programmed into a system, thus I want to do it manually.)
2. Now having these manual entry points I want to backtest mechanical exit strategies with these entry points.

Does a backtesting software exist that can accomplish using manual predefined entry points and then only optimizing the exits?

Thanks in advance if anybody knows of such a software


cheers
  • #7,713
  • Aug 17, 2010 1:15pm Aug 17, 2010 1:15pm
by the way, went short aud/usd h1 as well, let's see how that one works out.
Attached Image (click to enlarge)
Click to Enlarge Name: 17.8.2010 audusd h1.gif Size: 40 KB
  • #7,714
  • Edited 10:35pm Aug 17, 2010 4:33pm | Edited 10:35pm
Quoting Custos
Anybody knows if this backtesting software exists:

1. I wanna manually choose my entry points (can't be programmed into a system, thus I want to do it manually.)
2. Now having these manual entry points I want to backtest mechanical exit strategies with these entry points.

Does a backtesting software exist that can accomplish using manual predefined entry points and then only optimizing the exits?

Thanks in advance if anybody knows of such a software

cheers
Have you tried Forex Tester 2 yet?
It will do what you describe.
http://www.forextester.com/

From their website:
Free trial version
You can try our software before buying. You can download demo version for free (Download button above). Free version has some limitations relative to full version:

You can test no more than 1 month of historical data
You can test uninterruptedly no more than 30 minutes (then you can play again)
You can not save testing results, projects and templates
All other features are the same like in full version. To remove limitations you should purchase software and receive a registration key from us.



Rich
  • #7,715
  • Aug 17, 2010 8:38pm Aug 17, 2010 8:38pm
Quoting Custos
Anybody knows if this backtesting software exists:

1. I wanna manually choose my entry points (can't be programmed into a system, thus I want to do it manually.)
2. Now having these manual entry points I want to backtest mechanical exit strategies with these entry points.

Does a backtesting software exist that can accomplish using manual predefined entry points and then only optimizing the exits?

Thanks in advance if anybody knows of such a software


cheers
not that i know of .... eSignal and MultiCharts offers backtesting but that is automated and would be quite expensive as well.
  • #7,716
  • Aug 17, 2010 11:33pm Aug 17, 2010 11:33pm
Quoting Abinadi
Have you tried Forex Tester 2 yet?
It will do what you describe.
http://www.forextester.com/

From their website:
Free trial version
You can try our software before buying. You can download demo version for free (Download button above). Free version has some limitations relative to full version:

You can test no more than 1 month of historical data
You can test uninterruptedly no more than 30 minutes (then you can play again)
You can not save testing results, projects and templates
All other features are the same like in full version....
thanks for the suggestion, but I have that software since a while. As far as I know that software cannot combine manual entry points with mechanical exit points.
I find it rather inefficient to test out various exit strategies manually, since I have to find my entry points again and again, each time I do a new test. Quite tiresome.
  • #7,717
  • Aug 17, 2010 11:34pm Aug 17, 2010 11:34pm
Quoting MktScape
not that i know of .... eSignal and MultiCharts offers backtesting but that is automated and would be quite expensive as well.
interesting that such a useful software which combines both worlds of backtesting doesn't exist. Maybe I am the only one who wants that feature.
  • #7,718
  • Aug 18, 2010 2:56am Aug 18, 2010 2:56am
Try OpenQuant. This is framework for testing and building automated trading systems. It cost 50 EUR per month. Also Multicharts hs great testing features with EasyLangugage support. Or you can try WealthLab 5.
Per aspera ad astra
  • #7,719
  • Aug 18, 2010 7:31am Aug 18, 2010 7:31am
Quoting Custos
interesting that such a useful software which combines both worlds of backtesting doesn't exist. Maybe I am the only one who wants that feature.
Your have advanced requirements ... for manual back testing the most common suggestion (and you would already know that) is to go back on historical PA and move bar by bar etc.

May be you can suggest this to Fxtester team and sooner or later it will probably be incorporated into the system.
  • #7,720
  • Aug 18, 2010 7:44am Aug 18, 2010 7:44am
This one seems to be pushing for a breakout above a weekly level. Would you look to enter on a breakout or a retest or stay on sideline?
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